Answer: A = 19524.63
Step-by-step explanation:
Since the car depreciate in value , the exponential function to model the situation will be
A = P
Where :
A = amount after n years
P = principal
r = rate %
n = number of years
substituting each values , the exponential function to model the situation becomes:
A = 35000
To find the value of the car in 2015 , it means we are finding the value after 7 years, therefore , when n = 7
A = 35000()
A = $19524.63
Therefore , the amount in 2015 will be A = $19524.63
We have been given that Richard is paid a retainer of $1630 per month, and also receives a commission of 7% on his monthly sales. We are asked to find Richard's monthly income, if he makes $40,000 worth of sales in a month.
Richard's monthly income will be 7% of 40,000 plus retaining fee.
Therefore, Richard's income for this month would be $4430.
Answer:
c
Step-by-step explanation: